Office building 2,300 m² in Magdeburg

Two-story office building in an industrial park.

Description

The building has an area of 2,300 m²: 1,170 m² is for bureau and 1,130 m² is for production spaces. Production spaces are also equipped as for offices.

The total built-up area is 7,200 m². Construction of additional buildings (office or production spaces) is possible on the undeveloped land area of 7000 m².

There is parking for 50 cars.

The tenant is a large company with a turnover of more than 50 billion euros, with branches in more than 200 countries. The company has been renting the space since 1995.

It is possible to extend the agreement until 2022 with the renewal option for 1x2 years more.

The absolute annual income is 190,000 €.

The current yield is 7.3%.

Notary (state registration) is 1,5 – 2%.

Acquisition tax is 5,0%.

Brokerage fee is 5% + VAT 19% (total 5,95%).

The property is located in an industrial park in the suburbs of Magdeburg — about 15 km from the city center.

Magdeburg is the capital of Saxony-Anhalt. The population of the city is about 250,000 inhabitants.

Mechanical engineering is one of the most important industrial sectors of the city. More than 150 years ago, powerful machine-building plants were built in Magdeburg by companies such as Gruson, Wolf and Polte.

Magdeburg has established itself as a place for business in the field of information and communication technologies (ICT). Otto von Guericke University, Magdeburg-Stendal University of Applied Sciences, a number of institutions of supplementary education, research centers, and training centers — all this helps to create highly qualified and qualified specialists. Industry giants such as IBM, Regiocom, and T-Systems are located here.

Highways and train connections link Magdeburg with Hamburg, Berlin, Hanover, Leipzig, and Dresden.

Magdeburg Port (2nd largest in Germany) is a logistics partner for multimodal transport chains.

The University of Magdeburg annually trains more than 13,000 students in 9 faculties.